Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$332,182$332,182$382,455
Remaining term (yrs)26.826.830.0
Secondary amount$0$50,273$0
Funding fee$0$0$0
Note rate6.430%6.430%7.320%
Blended rate6.980%7.246%7.560%
1st payment$2,165.31$2,165.31$2,627.20
2nd payment$0.00$377.05$0.00
Taxes / mo$490.58$490.58$490.58
Insurance / mo$150.00$150.00$150.00
MI / mo$158.16$158.16$76.49
HOA / mo$0.00$0.00$0.00
Total monthly$2,964.06$3,341.10$3,344.27
Cash to close$92,768$42,495$42,495